CRWV is trading at $117.69 (-8.65%) as investors digest a wider-than-expected Q1 net loss despite a significant revenue beat.
- Q1 revenue reached $2.078B with a backlog nearing $100B, but the ($1.40) net loss per share triggered a sharp sell-off.
- The move reflects company-specific profit-taking after a recent rally from $111 to $138, occurring while the broader Nasdaq is up 0.9%.
- Options activity has spiked significantly, highlighted by 114-strike puts jumping 57% to trade at $12.09.